GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Non-Invasive Monitoring Systems Inc (OTCPK:NIMU) » Definitions » Interest Coverage

Non-Invasive Monitoring Systems (Non-Invasive Monitoring Systems) Interest Coverage : 0 (At Loss) (As of Jan. 2024)


View and export this data going back to . Start your Free Trial

What is Non-Invasive Monitoring Systems Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Non-Invasive Monitoring Systems's Operating Income for the three months ended in Jan. 2024 was $-0.04 Mil. Non-Invasive Monitoring Systems's Interest Expense for the three months ended in Jan. 2024 was $-0.01 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Non-Invasive Monitoring Systems's Interest Coverage or its related term are showing as below:


NIMU's Interest Coverage is not ranked *
in the Diversified Financial Services industry.
Industry Median: No Debt
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Non-Invasive Monitoring Systems Interest Coverage Historical Data

The historical data trend for Non-Invasive Monitoring Systems's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Non-Invasive Monitoring Systems Interest Coverage Chart

Non-Invasive Monitoring Systems Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - No Debt No Debt - -

Non-Invasive Monitoring Systems Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Non-Invasive Monitoring Systems's Interest Coverage

For the Shell Companies subindustry, Non-Invasive Monitoring Systems's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Non-Invasive Monitoring Systems's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Non-Invasive Monitoring Systems's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Non-Invasive Monitoring Systems's Interest Coverage falls into.



Non-Invasive Monitoring Systems Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Non-Invasive Monitoring Systems's Interest Coverage for the fiscal year that ended in Jul. 2023 is calculated as

Here, for the fiscal year that ended in Jul. 2023, Non-Invasive Monitoring Systems's Interest Expense was $-0.03 Mil. Its Operating Income was $-0.17 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.30 Mil.

Non-Invasive Monitoring Systems did not have earnings to cover the interest expense.

Non-Invasive Monitoring Systems's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, Non-Invasive Monitoring Systems's Interest Expense was $-0.01 Mil. Its Operating Income was $-0.04 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.50 Mil.

Non-Invasive Monitoring Systems did not have earnings to cover the interest expense.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.


Non-Invasive Monitoring Systems  (OTCPK:NIMU) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Non-Invasive Monitoring Systems Interest Coverage Related Terms

Thank you for viewing the detailed overview of Non-Invasive Monitoring Systems's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Non-Invasive Monitoring Systems (Non-Invasive Monitoring Systems) Business Description

Traded in Other Exchanges
N/A
Address
4400 Biscayne Boulevard, Suite 180, Miami, FL, USA, 33137
Non-Invasive Monitoring Systems Inc is a shell company.
Executives
Jerry A Jacobs director 4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Hsiao Jane Ph D director, 10 percent owner 4400 BISCAYNE BLVD, MIAMI FL 33137
Frost Phillip Md Et Al 10 percent owner 4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Marvin Arthur Sackner director, 10 percent owner, officer: CEO 555 NE 34TH STREET PH1, MIAMI FL 33137
Steven D Rubin director OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 33137
James Joseph Martin officer: Chief Financial Officer 4400 BISCAYNE BLVD, SUITE # 670, MIAMI FL 33157
Morton J Robinson director C/O NON INVASIVE MONITORING SYSTEMS, INC, 5204 PAYLOR LANE, SARASOTA FL 34204
Steven Mrha officer: COO C/O NON-INVASIVE MONITORING SYSTEMS, INC, 4400 BISCAYNE BOULEVARD 6TH FLOOR, MIAMI FL 33137
Subbarao V Uppaluri director 4400 BISCAYNE BOULEVARD, SUITE 1500, MIAMI FL 33137
Taffy Gould director C/O NON INVASIVE MONITORING SYSTEMS, INC, 5204 PAYLOR LANE, SARASOTA FL 34204
Adam S Jackson officer: Chief Financial Officer 4400 BISCAYNE BOULEVARD, SUITE 670, MIAMI FL 33137
Frost Gamma Investments Trust 10 percent owner 4400 BISCAYNE BLVD, MIAMI FL 33137
John G Clawson director 1666 KENNEDY CAUSEWAY, STE 400, N BAY VILLAGE FL 32341
Leila Kight director C/O NON INVASIVE MONITORING SYSTEMS, INC, 5204 PAYLOR LANE, SARASOTA FL 34204
Gerard Kaiser director C/O NON INVASIVE MONITORING SYSTEMS, INC, 5204 PAYLOR LANE, SARASOTA FL 34204

Non-Invasive Monitoring Systems (Non-Invasive Monitoring Systems) Headlines